Tamoil Reports 67% Increase In Profits For 1993
Tamoil Italia SpA, the oil refining and distribution company, reported anet profit of Lire 4.576bn ($2.9mn) for 1993, a 67% increase over the 1992 netprofit of Lire 2.742bn ($2.2mn), according to the 1993 Annual Report. (Dollarconversions made at the rates applicable for the years concerned.) Net profitsfor 1991 were Lire 2.323bn ($1.9mn). The Annual Report said the 1993 results"should be considered good" in...